Chicago Board Options Exchange

  www.cboe.com
  www.cboe.com
There are newer employer reviews for Chicago Board Options Exchange

2 people found this helpful  

Old company with management that is still stuck in the paper and pen technology era.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Anonymous Employee in Chicago, IL
Former Employee - Anonymous Employee in Chicago, IL

I worked at Chicago Board Options Exchange full-time (more than an year)

Pros

Co-workers were good people, Liked chicago. Good food in the surrounding area. Prestigious until you pull back the curtain. Decent benefits but not the best.

Cons

Conservative Technologically, for a company that is 99% web based now. (very little in person trading going on) Spaghetti for code because they use too many contractors and nobody knows an upper level view of how the trading platform interacts. They actually were unable to remove features from the code because nobody was able to make heads or tails of where to even start removing the code. One big mess, not using any logical structure to the platform. Tech directors hired from old boy network, with no experience in IT. Paper pushers have less operational knowledge of platform than subordinates. Very little opportunity for advancement or autonomy.

Advice to ManagementAdvice

Try hiring tech directors with IT experience.

Doesn't Recommend
Negative Outlook
No opinion of CEO

38 Other Employee Reviews for Chicago Board Options Exchange (View Most Recent)

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  1. 1 person found this helpful  

    My experience is that this is a place where people stay for a long time. They come in, do their jobs and leave.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    I have been working at Chicago Board Options Exchange full-time (more than an year)

    Pros

    It is very laid back and not stressful at all. The hours and work/life balance are excellent and most departments are pretty flexible.

    Cons

    Pay is low compared to the industry. There is no internal methods for motivation. You must be self motivated. I have found a lot of things that are wrong or don't get done becasue there is very little communication. Promotions seem to be based on time not performance.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. 3 people found this helpful  

    Engineer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Engineer in Chicago, IL
    Current Employee - Engineer in Chicago, IL

    I have been working at Chicago Board Options Exchange full-time (more than 10 years)

    Pros

    Pay is good. Location is good.

    Cons

    Some management levels do not have a proper training to understand how to be a good manager.

    Advice to ManagementAdvice

    Go to a class to learn how to be a good manager.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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